Verity Asset Management Inc. boosted its stake in EMCOR Group, Inc. (NYSE:EME) by 34.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,548 shares of the construction company’s stock after purchasing an additional 1,163 shares during the quarter. Verity Asset Management Inc.’s holdings in EMCOR Group were worth $297,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the stock. BlackRock Inc. raised its stake in EMCOR Group by 11,403.3% in the first quarter. BlackRock Inc. now owns 6,707,216 shares of the construction company’s stock valued at $422,217,000 after purchasing an additional 6,648,909 shares in the last quarter. Vanguard Group Inc. raised its stake in EMCOR Group by 3.9% in the first quarter. Vanguard Group Inc. now owns 4,916,914 shares of the construction company’s stock valued at $309,520,000 after purchasing an additional 183,084 shares in the last quarter. Victory Capital Management Inc. raised its stake in EMCOR Group by 6.3% in the first quarter. Victory Capital Management Inc. now owns 2,121,530 shares of the construction company’s stock valued at $133,550,000 after purchasing an additional 126,502 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in EMCOR Group by 1.1% in the first quarter. Dimensional Fund Advisors LP now owns 2,113,426 shares of the construction company’s stock valued at $133,040,000 after purchasing an additional 23,784 shares in the last quarter. Finally, State Street Corp raised its stake in EMCOR Group by 0.7% in the first quarter. State Street Corp now owns 2,008,780 shares of the construction company’s stock valued at $126,456,000 after purchasing an additional 14,306 shares in the last quarter. 93.36% of the stock is owned by institutional investors and hedge funds.

EMCOR Group, Inc. (NYSE:EME) traded up 0.82% on Monday, reaching $68.56. The company’s stock had a trading volume of 16,679 shares. The firm has a market cap of $4.06 billion, a PE ratio of 20.55 and a beta of 0.89. EMCOR Group, Inc. has a 52-week low of $55.10 and a 52-week high of $73.44. The stock’s 50 day moving average price is $65.77 and its 200 day moving average price is $64.56.

EMCOR Group (NYSE:EME) last released its quarterly earnings results on Thursday, July 27th. The construction company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.15. EMCOR Group had a return on equity of 13.19% and a net margin of 2.63%. The firm had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter last year, the firm posted $0.95 EPS. The company’s revenue was down 1.9% compared to the same quarter last year. Equities research analysts expect that EMCOR Group, Inc. will post $3.57 earnings per share for the current fiscal year.

A number of research analysts recently commented on the company. KeyCorp reaffirmed a “hold” rating on shares of EMCOR Group in a research note on Friday, August 25th. BidaskClub downgraded EMCOR Group from a “hold” rating to a “sell” rating in a research note on Thursday, August 24th. Finally, Zacks Investment Research raised EMCOR Group from a “hold” rating to a “buy” rating and set a $76.00 price target for the company in a research note on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $72.33.

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EMCOR Group Company Profile

EMCOR Group, Inc is an electrical and mechanical construction, and facilities services firm in the United States. The Company provides building services and industrial services. Its segments are United States electrical construction and facilities services; United States mechanical construction and facilities services; United States building services; United States industrial services, and United Kingdom building services.

Institutional Ownership by Quarter for EMCOR Group (NYSE:EME)

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